Deepak Nitrite Subsidiaries Invest ₹175 Cr in DCTL

Deepak Nitrite Limited announced that its wholly-owned subsidiaries, Deepak Chem Tech Limited (DCTL) and Deepak Phenotics Limited (DPL), have invested a total of ₹175 Crores in DCTL. DPL invested ₹95 Crores and the Company invested ₹80 Crores through the issuance and allotment of 9% Optionally Convertible Redeemable Preference Shares (OCRPS). The funds are intended to strengthen DCTL's capital base, support project expenses, and general corporate purposes. DCTL operates plants for Fluorination, Nitric Acid, Nitration, and Hydrogenation, with a turnover of ₹172.23 Crores in FY 2025-26. The transactions were conducted on an arm's length basis.